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Our Bureau

Hyderabad , Jan. 18

Godavari Fertilisers and Chemicals Ltd (GFCL) has registered sales of Rs 423.54 crore and a net profit of Rs 13.89 crore for the third quarter ended December 31, 2006, against Rs 385.72 crore and Rs 2.68 crore, respectively, for the corresponding period last year.

Last fiscal, the company's total sales income was Rs 1519.98 crore with a net profit of Rs 26.10 crore.

In a statement, the Managing Director of GFCL, Mr K.A. Nair, said that the company continued to improve its performance during the nine months this fiscal due to increase in production at 8.94 lakh tonnes and sales at 8.76 lakh tonnes compared with 7.52 lakh tonnes and 7.65 lakh tonnes, respectively, during the corresponding period last year.

Referring to the proposed expansion of capacity at Kakinada, Mr Nair said a public hearing has been successfully conducted. The application for consent is pending approval by the Ministry of Environment and Forests. The company said that the engineering work will commence immediately on receipt of necessary clearances.

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